Tuesday, August 16, 2022
Tags Tax

Tag: Tax

FBR exceeds tax target by 28% over last year, collects Rs5.35tr in 11 months of FY21-22

The Federal Board of Revenue (FBR) collected Rs5.35 trillion in taxes in 11 months of the current fiscal year, leaving it with the task...

FBR records Rs500b rise in tax collection

The Federal Board of Revenue (FBR) has collected Rs1.84 trillion in just four months, a surge of 37% or close to Rs500 billion over...

Sindh govt non-tax revenue collection crosses Rs14bn in FY20-21

In the fiscal year 2020-21. the Sindh government collected non-tax revenue of Rs14.361 billion compared to Rs9.891 billion in the previous financial year. The actual...

FBR abolishes withholding tax on air travel, used cars, amongst other items

The Federal Board of Revenue abolished the withholding tax on bank transactions, purchase of used cars, domestic and international air travel, CNG and...

FBR lays out conditions for arrest over tax evasion

The tax evasion limit for filers has been set at Rs100 million or more while for non-filers it is Rs25 million after some significant...

Anyone living in Pakistan for 183 days will be taxed

ISLAMABAD: The National Assembly (NA) has introduced new amendments in the Finance Bill 2021-22 for the next financial year.  The amendment changes the time duration...

PM Imran Khan congratulates FBR on collecting historic high tax figures

ISLAMABAD: Prime Minister Imran Khan on Saturday commended the Federal Board of Revenue (FBR) for crossing a ‘historic milestone’ by collecting more than Rs4...

Taxation regime needs fundamental reforms for sustainable growth, PBC says

KARACHI: The Pakistan Business Council (PBC) has recommended proposals for the upcoming budget and these have been prepared in the backdrop of Pakistan’s economy...

FBR introduces electronic hearing of tax audits and assessments cases

KARACHI: Federal Board of Revenue (FBR) has launched software for electronic hearing of tax audit and assessment cases to facilitate the taxpayers. This has...

IMF asks Pakistan to do more to end money laundering, strengthen forex reserves

International Monetary Fund (IMF) representative Teresa Daban Sanchez has asked to Pakistan to take action to curb money laundering and increase its revenue generation...

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